MDT · 10-Q · 2026Q3 · Full report

Free Cash Flow

Medtronic plc · 2026-09-03 · Importance 69 · Surprise 64 · In source text

Net cash provided by operating activities increased $705 million year over year to $1.793 billion for the three months ended July 31, 2026. Additions to property, plant, and equipment were $503 million, compared with $504 million in the prior-year period. Free cash flow therefore increased to $1.290 billion from $584 million, supported by higher customer collections, lower tax payments, and lower litigation payments. Higher cash paid to suppliers and vendors partially offset the operating cash-flow improvement.

Key facts

• Free cash flow for the three months ended July 31, 2026 was $1,290 million (net cash provided by operating activities $1,793 million less additions to property, plant, and equipment $503 million). source
• Net cash provided by operating activities for the three months ended July 31, 2026 was $1,793 million compared to $1,088 million for the three months ended July 25, 2025, an increase of $705 million. source
• Additions to property, plant, and equipment for the three months ended July 31, 2026 were $503 million. source
• During the three months ended July 31, 2026 the increase in net cash provided by operating activities was primarily driven by an increase in cash collected from customers due to an increase in sales and a decrease in cash paid for taxes and certain litigation payments, partially offset by an increase in cash paid to suppliers and other vendors. source

Impact estimates